The Charity Commission launched the new system for Charity Annual Returns on 29 June 2016.
The new online charity annual returns must be completed by all registered charities with an income in excess of £10,000 and all charitable incorporated organisations, by no later than ten months after the end of financial years ending in 2016. If your charity’s income is over £25,000 you will also need to upload PDF copies of your charity’s accounts, your trustees’ annual report and your independent examiner or auditor’s report.
The Charity Commission has separated details about a charity’s trustees, contact addresses, and emails from the annual return, to enable users to view and update these details at any time, as and when required. Charities will also, now be asked to confirm that this information is correct prior to submitting the annual return.
Within the return itself, there is also a minor change to the financial information to be submitted by those charities with an income equal to, or in excess of, £500,000, in order to align the requirements of the annual return with the changes arising from the new 2015 Charities SORP.
Completing the Charity Online Annual Returns Form
It should take you between 10 and 20 minutes to complete the form, depending on your charity’s size. Make sure you enter the full and correct figures when completing this form – don’t shorten or abbreviate them. You will not be able to change your details once you have submitted the form.
For more information please see the charity commission website or get in touch with your usual Albert Goodman contact. At Albert Goodman, we have a charities team that specialise in assisting charities across Somerset and the South-West of England.